List of All Articles with Tag 'debt'

By John McCrank NEW YORK U.S. money market fund assets hit a new record of $5.8 trillion this

Last week, the Congressional Progressive Caucus posed a formal ask to its members: were there any proposals they could accept included in the list of GOP demands in exchange for raising the debt ceiling?

By Jason Lange WASHINGTON What could happen on Main Street if Washington's political showdown over the debt ceiling

The debt ceiling snafu, which has the potential to wreck the US economy, is a civics lesson in the bizarrely inefficient way the American government spends your money.

Call it American financial exceptionalism: The full faith and credit of the US government goes far, but a default because of the debt ceiling would change that.

Treasury Secretary Janet Yellen reaffirmed June 1 as the hard deadline to raise the debt ceiling on Monday, saying she expects the US not to be able to pay all of its bills in early June.

By Jarrett Renshaw White House and congressional Republican negotiators will meet again on Tuesday to resolve a months-long

The clock is ticking for President Joe Biden and House Speaker Kevin McCarthy to come to agreement to avoid a first-ever default on the nation's debt. And although there are some positive signs suggesting they're closer to a consensus, there is still no deal.

By Lewis Krauskopf NEW YORK Strategists at some of Wall Street’s biggest banks are sounding increasingly worried about

President Biden and US lawmakers are trying to hash out a deal ahead of a 1 June debt ceiling deadline.

By Andrea Shalal and David Lawder WASHINGTON The U.S. Treasury Department reiterated Monday it expects to be able

Treasury Secretary Janet Yellen reinforced her warning to Congress that it has only a little time left to address the debt ceiling before the nation defaults on its obligations.